UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended November 30, 2016

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

COMMISSION FILE NO. 333-201288

GLOBAL SMART CAPITAL CORP.

formerly

TODEX CORP.

(Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of Incorporation or Organization)

37-1765902

IRS Employer Identification Number

7372

Primary Standard Industrial Classification Code Number

1810 E Sahara Ave, Office 219

Las Vegas, NV 89104

Tel. (702) 997-2502

Email: todexcorp@yandex.com

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Yes o No x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated	¨	Smaller reporting company	x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act) Yes x No o

As of February 9, 2017, the registrant had 8,580,000 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has been established as of February 9, 2017.

TABLE OF CONTENTS

PART I

ITEM 1	DESCRIPTION OF BUSINESS	3

ITEM 1A	RISK FACTORS	3

ITEM 1B	UNRESOLVED STAFF COMMENTS	3

ITEM 2	PROPERTIES	3

ITEM 3	LEGAL PROCEEDINGS	3

ITEM 4	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS	3

PART II

ITEM 5	MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS	4

ITEM 6	SELECTED FINANCIAL DATA	4

ITEM 7	MANAGEMENT'S DISCUSSION AND ANALYSIS OR RESULTS OF OPERATIONS	4

ITEM 7A	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	7

ITEM 8	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	8

ITEM 9	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	18

ITEM 9A	CONTROLS AND PROCEDURES	18

ITEM 9B	OTHER INFORMATION	19

PART III

ITEM 10	DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT	20

ITEM 11	EXECUTIVE COMPENSATION	21

ITEM 12	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	22

ITEM 13	CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE	22

ITEM 14	PRINCIPAL ACCOUNTANT FEES AND SERVICES	23

PART IV

ITEM 15	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES	24

PART I

ITEM 1. DESCRIPTION OF BUSINESS

FORWARD-LOOKING STATEMENTS

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

As used in this annual report, the terms "we", "us", "our", "the Company", means Global Smart Capital Corp, unless otherwise indicated.

All dollar amounts refer to US dollars unless otherwise indicated.

GENERAL

We were incorporated in the State of Nevada on September 18, 2014. We plan to be in the business of software development. We were going to develop the software for car dealers around the world. New management was appointed in February 2017 and is developing a new business plan. On January 27, 2017 the Company name was changed to Global Smart Capital Corp.

ITEM 1A. RISK FACTORS

Not applicable.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

We do not own any property.

ITEM 3. LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings and we are not aware of any pending or potential legal actions.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No report required.

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PART II

ITEM 5. MARKET FOR EQUITY SECURITIES AND OTHER SHAREHOLDER MATTERS

MARKET INFORMATION

There is a limited public market for our common shares. Our common shares are quoted on the OTC Bulletin Board and OTC Link under the symbol “TDXP”.Trading in stocks quoted on the OTC Bulletin Board and OTC Link is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a company’s operations or business prospects. We cannot assure you that there will be a market in the future for our common stock.

DIVIDENDS

We have never paid or declared any dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

We currently do not have any equity compensation plans.

ITEM 6. SELECTED FINANCIAL DATA

Not Applicable.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this Annual Report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

CRITICAL ACCOUNTING POLICIES

Management's Discussion and Analysis of Financial Condition and Results of Operations discusses the Company's financial statements which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates and judgments on historical experiences and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

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Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.

Due to the limited level of operations, the Company has not made material assumptions or estimates other than the assumption that the Company is a going concern.

Revenue Recognition

The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) that, collectability is reasonably assured.

The Company’s revenue has consisted of proceeds from sales of the designing, developing and implementing applications software.

RESULTS OF OPERATIONS

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Revenues

During the year ended November 30, 2016, we earned no revenue compared to $2,000, earned for software development during the year ended November 30, 2015. Software development and training was provided by the Company President at no charge to the company.

Operating expenses

During the year ended November 30, 2016 we incurred expenses of $59,937 for the payment of legal, accounting and other administrative costs compared to $16,495 incurred during the year ended November 30, 2015. Our net loss for the year ended November 30, 2016, was $59,937 compared to a net loss of $14,495 for the same period in 2015.

Liquidity and Capital Resources

As of November 30, 2016 our total assets were $0 compared to $20,435 in total assets at November 30, 2015. As of November 30, 2016, our current liabilities were $38,002 compared to $3,686 at November 30, 2015.

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As of November 30, 2016, the Company had no assets, compared to total assets of $20,435, comprised of cash of $20,105 and deposit of $330, as of November 30, 2015. As of November 30, 2016 total current liabilities consisted of $2,959 of accounts payable, primarily for professional fees, and a $35,043 unsecured, non interest loan to the Company by its sole officer and director, compared to a loan of $3,686 on November 30, 2015, from a Director and former officer, which loan was subsequently forgiven.

Stockholders’ deficit on November 30, 2016 was $38,002 compared with stockholders’ equity of $16,749 as of November 30, 2015.

The weighted average number of shares outstanding was 8,580,000 for the year ended November 30, 2016, compared to 6,389,260 for the year ended November 30, 2015

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the year ended November 30, 2016, net cash flows used in operating activities was $56,648 compared to $14,495 for the year ended November 30, 2015. The increase between the two periods was due to the increased scale and scope of our business activity.

Cash Flows from Financing Activities

We have financed our operations primarily from the issuance of equity and debt instruments. For the year ended November 30, 2016 loans from the sole officer and director provided $36,543 compared to $28,500 from the issuance of common stock, for cash plus advances from the President and sole director of $2,700 for the year ended November 30, 2015.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

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MATERIAL COMMITMENTS

As of the date of this Annual Report, we do not have any material commitments.

PURCHASE OF SIGNIFICANT EQUIPMENT

We do not intend to purchase any significant equipment during the next twelve months.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Annual Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors' report accompanying our November 30, 2016 and November 30, 2015 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business. The new management has an up-dated business model designed to produce revenue within the current fiscal year.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Pritchett, Siler & Hardy, P.C.

Certified Public Accountants

1438 N Highway 89, Suite 130

Farmington, UT 84025

Office: (801)447-9572 Fax: (801)447-9578

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To The Board of Directors and shareholders of

Global Smart Capital Corp. (formerly TODEX Corp.)

Las Vegas, NV

We have audited the accompanying balance sheets of Global Smart Capital Corp. (formerly TODEX Corp.) (the “Company”) as of November 30, 2016 and 2015 and the related statements of operations, stockholders’ equity (deficit) and cash flows for the years ended November 30, 2016 and 2015, and the related notes to the financial statements. The Company’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of November 30, 2016 and 2015 and the results of its operations and its cash flows for the years ended November 30, 2016 and 2015, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements the Company suffered a loss from operations during the years ended November 30, 2016 and 2015, has yet to establish a reliable, consistent and proven source of revenue to meet its operating costs on an ongoing basis and currently does not have sufficient available funding to fully implement its business plan. These factors raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Pritchett, Siler & Hardy P.C.

Salt Lake City, Utah

February 20, 2017

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Global Smart Capital Corp

(formerly Todex Corp)

Balance Sheets

	November 30,			November 30,
	2016			2015

ASSETS

Current assets
Cash	$	-		$	20,105
Deposit		-			330
Total current assets		-			20,435

Total assets	$	-		$	20,435

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities
Accounts payable	$	2,959		$	-
Loan payable - related party		35,043			3,686
Total current liabilities		38,002			3,686

Stockholders' equity (deficit)
Common stock, 75,000,000 shares authorized, at $0.001 par value; 8,580,000 issued and outstanding at November 30, 2016 and 2015, respectively		8,580			8,580
Additional paid in capital		28,406			23,220
Accumulated deficit		(74,988	)		(15,051	)
Total stockholders' equity (deficit)		(38,002	)		16,749

Total liabilities and stockholders' equity (deficit)	$	-		$	20,435

(the accompanying notes are an integral part of these audited financial statements)

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Global Smart Capital Corp

(formerly Todex Corp)

Statements of Operations

	For the years ended
	November 30,
	2016			2015

Revenue	$	-		$	2,000
Cost of sales - related party		-			-

Gross profit		-			2,000

Operating expenses
General and administrative		35,344			16,495
Legal fees		24,593			-
Total operating expenses		59,937			16,495

Loss from operations		(59,937	)		(14,495	)

Provision for income taxes		-			-
Net loss		(59,937	)	$	(14,495	)

Basic and diluted net loss per common share	$	(0.01	)	$	(0.00	)

Weighted average common shares outstanding -
Basic and diluted		8,580,000			6,389,260

(the accompanying notes are an integral part of these audited financial statements)

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Global Smart Capital Corp

(formerly Todex Corp)

Statement of Changes in Stockholders' Equity (Deficit)

For the years ended November 30, 2016 and November 30, 2015

	Common Shares									Total
	Number of Shares		Par Value $0.001		Additional paid-in-capital		Deficit			Stockholders' Equity (Deficit)

Balance, November 30, 2014		6,000,000	$	6,000	$	-	$	(556	)	$	5,444
Common Shares issued for cash		2,580,000		2,580		23,220		-			25,800
Net loss for the period		-		-		-		(14,495	)		(14,495	)

Balance, November 30, 2015		8,580,000		8,580		23,220		(15,051	)		16,749
Foregiveness of related party loan		-		-		5,186		-			5,186
Net loss for the period		-		-		-		(59,937	)		(59,937	)

Balance, November 30, 2016		8,580,000	$	8,580	$	28,406	$	(74,988	)	$	(38,002	)

(the accompanying notes are an integral part of these audited financial statements)

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Global Smart Capital Corp

(formerly Todex Corp)

Statements of Cash Flow

	For the years ended
	November 30,
	2016			2015
Cash flows from operating activities:
Net loss	$	(59,937	)	$	(14,495	)
Adjustments to reconcile net loss to net cash used in operations
Change in operating assets and liabilities
Decrease in deposit		330			-
Increase in accounts payable		2,959			-
Net cash (used in) operating activities		(56,648	)		(14,495	)

Investing activities:		-			-
Net cash provided (used in) investing activities		-			-

Financing activities:
Proceeds from sale of common stock		-			25,800
Loan from related party		36,543			2,700
Net cash provided by financing activities		36,543			28,500

Net (decrease) in cash		(20,105	)		14,005
Cash, beginning		20,105			6,100
Cash, ending	$	-		$	20,105

Supplementary information
Cash paid:
Interest	$	-		$	-
Income taxes	$	-		$	-

Supplementary disclosure for non cash investing and financing activities:
Debt owing to former officer and director, forgiven and converted to paid in capital	$	5,186		$	-

(the accompanying notes are an integral part of these audited financial statements)

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GLOBAL SMART CAPITAL CORP

(formerly TODEX Corp.)

NOTES TO AUDITED FINANCIAL STATEMENTS

FOR THE YEARS ENDED NOVEMBER 30, 2016 AND 2015

NOTE 1 - ORGANIZATION AND OPERATIONS

Global Smart Capital Corp (formerly TODEX Corp.) (the "Company") was incorporated in Nevada on September 18, 2014 ("Inception"). The Company was a software development company which planned to work in the B2B market by developing accounting software for business management and operations. We were going to develop the software for car dealers around the world. We intended to develop software for both PCs and mobile platforms. On April 13, 2016, through a change of control, new management was appointed and is developing a new business plan for the Company.

NOTE 2 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America (“GAAP”) applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company incurred a net loss of $59,937 during the year ended November 30, 2016 and as of the same date had an accumulated deficit of $74,988, compared to a net loss of $14,495 and an accumulated deficit of $15,051 for the year ended November 30, 2015. If the Company is unable to generate profits and is unable to continue to obtain financing for its working capital requirements, it may have to curtail its business sharply or cease business altogether. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or private placement of common stock.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared using accounting principles generally accepted in the United States of America (“GAAP”), applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company’s year-end is November 30.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The majority of cash is maintained with a major financial institution in the United States. Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk. The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Fair value of Financial Instruments

The carrying value of cash, deposits, accounts payable, loan from related party and revenue approximates their fair value due to their short-term maturity.

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GLOBAL SMART CAPITAL CORP

(formerly TODEX Corp.)

NOTES TO AUDITED FINANCIAL STATEMENTS

FOR THE YEARS ENDED NOVEMBER 30, 2016 AND 2015

Product warranties

Product warranty costs are based on the Company’s estimate of the historical and projected costs if any to cause the Company’s software products to operate according to product specifications and cure any infringement claims.

Income Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

Revenue Recognition

The Company’s revenue consists of proceeds from sales of the designing, developing and implementing applications software.

Basic and Diluted Earnings (Loss) Per Share

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company had no potentially dilutive debt or equity instruments issued and outstanding during the year ended November 30, 2016 and therefore basic and diluted earnings (loss) per share are equal.

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GLOBAL SMART CAPITAL CORP

(formerly TODEX Corp.)

NOTES TO AUDITED FINANCIAL STATEMENTS

FOR THE YEARS ENDED NOVEMBER 30, 2016 AND 2015

Recently Adopted Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 4 – STOCKHOLDERS’ EQUITY

The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share.

For the year ended November 30, 2015, the Company issued 2,580,000 shares at $0.01 per share for total proceeds of $25,800.

As of November 30, 2016, and November 30, 2015, the Company had 8,580,000 common shares issued and outstanding.

NOTE 5 – RELATED PARTY TRANSACTIONS

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

On November 30, 2015, the Company owed the former Director and President of the Company, $3,686, which was advanced to the Company, for operating expenses. On April 5, 2016, the total balance of $3,686, owing to the retiring Director and President, was forgiven and transferred to additional paid in capital, along with an additional $1,500 that was subsequently advanced.

On April 13, 2016, in connection with the purchase and sale of a majority of the Company’s outstanding shares of common stock, Vladislav Emolovich resigned from all positions held, after appointing Dominic Chappell as the Company’s sole officer and director.

On May 6, 2016, and subsequently through November 30, 2016, the current sole Officer and Director made unsecured, non-interest bearing cash advances, to pay operating costs, to the Company, in the amount of $35,043. The entire balance remained unpaid at November 30, 2016.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Contractual

The Company had leased office space in Las Vegas Nevada for use as its Corporate Headquarters. The term of the lease was month to month, so there was no related material commitment or contingency associated with this agreement. The Company's new management has discontinued the use of this facility and has provided space on an as needed basis at no cost.

Litigation

We were not subject to any legal proceedings during the years ended November 30, 2015 and 2016. No legal proceedings are currently pending or threatened, to the best of our knowledge.

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GLOBAL SMART CAPITAL CORP

(formerly TODEX Corp.)

NOTES TO AUDITED FINANCIAL STATEMENTS

FOR THE YEARS ENDED NOVEMBER 30, 2016 AND 2015

Product Warranties

The Company warrants that its software products will operate according to the software’s specifications for a period of one year following acceptance by the Company’s customers. In the event its software products do not operate in accordance with a software’s specifications, the Company takes all actions necessary to cause the software to operate according to the software’s specifications at the Company’s expense.

The Company also warrants that its software products will not infringe upon any copyright, patent, trade secret or other intellectual property interest of any third party. In the event of a claim of infringement, the Company will secure the right of its customers to use the software product without infringement at the Company’s expense.

As of November 30, 2016, there were no claims for warranty expenses outstanding. Exposure to product warranty liabilities are considered nominal due to the Company’s limited operating and sales history.

NOTE 7 – DISCLOSURE OF MAJOR CUSTOMERS

During the years ended November 30, 2016, and 2015 one customer accounted for 0% and 100% of total sales, respectively.

NOTE 8 – INCOME TAXES

As of November 30, 2016 the Company had net operating loss carry forwards of $74,988 that may be available to reduce future years’ taxable income through 2036. The years 2014 to 2015 remain subject to examination by the Company’s major tax jurisdictions. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The provision for Federal income tax consists of the following:

	November 30, 2016			November 30, 2015
Federal income tax benefit (at 34%) attributable to:
Current Operations - net loss	$	20,379		$	4,928
Less: change in valuation allowance		(20,568	)		(4,928	)
Other differences		189			-
Net provision for Federal income taxes	$	-		$	-

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GLOBAL SMART CAPITAL CORP

(formerly TODEX Corp.)

NOTES TO AUDITED FINANCIAL STATEMENTS

FOR THE YEARS ENDED NOVEMBER 30, 2016 AND 2015

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	November 30, 2016			November 30, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$	25,496		$	4,928
Less: valuation allowance		(25,496	)		(4,928	)
	$	-		$	-

NOTE 9 – SUBSEQUENT EVENTS

On December 30, 2016, our majority shareholder, Retail Acquisitions Limited, sold its entire interest in the Company, consisting of 6,000,000 shares of our common stock, in three separate transfers of 2,000,000 shares each, to three investors: Ranxu Fu, Mak Shee Fu and Roux and Sons Hk. Ltd. The shares sold by Retail Acquisitions Limited constitute 69.93% of the 8,580,000 shares of common stock issued and outstanding.

On February 2, 2017, the sole director and officer approved a resolution allowing the Company to change its name to Global Smart Capital Corp.

On February 6, 2017, the Company’s sole director and officer appointed the following additional directors and officers:

Mr. Johannes Petrus Roux, Director, Chairman and CEO

Mr. Shee Fu Mak, Director, Co-chairman

Mr. Fu Ranxu, Director

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Item 9A: Controls and Procedures.

As required by paragraph (b) of Rules 13a-15 or 15d-15 under the Securities Exchange Act of 1934, our management, with the participation of our principal executive officer and principal financial officer evaluated our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this report on Form 10-K. Based on this evaluation, management concluded that as of the end of the period covered by this transition report on Form 10-K, these disclosure controls and procedures were ineffective. The ineffectiveness of our disclosure controls and procedures was due to material weaknesses identified in our internal control over financial reporting, described below. Because of the inherent limitations in all control systems, our management believes that no evaluation of controls can provide absolute assurance that all control issues, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.

Management's Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over our financial reporting. In order to evaluate the effectiveness of internal control over financial reporting, as required by Section 404 of the Sarbanes-Oxley Act, our management, with the participation of our principal executive officer and principal financial officer has conducted an assessment. Our system of internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Our management, including our principal executive officer and our principal financial officer, conducted an evaluation of the design and operation of our internal control over financial reporting as of November 30.2016. This evaluation included review of the documentation of controls, evaluation of the design effectiveness of controls, testing of the operating effectiveness of controls and a conclusion on this evaluation. Based on this evaluation, our management concluded our internal control over financial reporting was not effective as at November 30, 2016. The ineffectiveness of our internal control over financial reporting was due to the following material weaknesses which are indicative of many small companies with small staff: (i) inadequate segregation of duties and ineffective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

Our company plans to take steps to enhance and improve the design of our internal control over financial reporting. During the period covered by this report on Form 10-K, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending November 30, 2016: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out in (i) is largely dependent upon our company securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.

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Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the fourth quarter of our fiscal year ended November 30, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

This Annual Report on Form 10-K does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this Annual Report on Form 10-K.

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2016. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the year November 30, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

None.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS OF THE COMPANY

Name and Address of Executive Officer and/or Director	Age	Position	Term in Office

Vladislav Emolouich 1810 E Sahara Ave, # 219, Las Vegas, NV 89104	33	President, Treasurer, Secretary and Director	Resigned April 13, 2016

Dominic Chappell 1810 E Sahara Ave, # 219, Las Vegas, NV 89104	49	Officer and Director	Appointed April 13, 2016

Johannes Petrus Roux 796/3 Everfell Close Archwood Dainfern, Johannesburg, South Africa	47	Chairman, CEO and Director	Appointed January 4, 2017

Shee Fu Mak 40 Jalan Suters 5 Taman Sentosa, Johore Bahru JB 80150, Malaysia	59	Co-Chairman and Director	Appointed January 4, 2017

Fu Ranxu Room 201, Builoding 7, Zone 6, Jia 15 Wanshou Road, Haidian District, Beijing, China	54	Director	Appointed January 4, 2017

Mr. Chappell is a director and majority shareholder of Retail Acquisitions Limited, which owns BHS Group Ltd., the owner of the British Home Stores chain of retail stores. Mr. Chappell has been the executive director of BHS Group Ltd. since March 2015, a director of Retail Acquisitions Limited since November 2014, a director and chief executive officer of Swiss Rock, plc since January 2013, the chairman and chief executive officer of Olivia Holdings Ltd. since May 2012, and a director of Cadiz Petroleum Ltd. since March 2012. Previously, Mr. Chappell was executive director of Olivia Investments Ltd. since from June 2008 to December 2012, and the chief executive officer of Olivia Petroleum SA from August 2010 to September 2012.

Mr. Chappell is a highly experienced entrepreneur with considerable experience in turning around very substantial businesses and implementing effective business planning for sustained growth and longevity. He has over 20 years in the oil and gas industry and property development. His experience encompasses all areas ranging from business administration, financial restructuring and corporate turnaround. He is recognized by clients as a consummate professional with a high degree of personal input, is able to analyze complex situations, design practical solutions, and implement cost-effective plans, and is known for motivating staff to improve production and exceed goals.

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Mr. Roux has a background in currency trading, fund raising, bond structuring and financial structures. Mr. Roux was a currency trader with Standard Bank, South Africa from 1999 to 2001 and with Bank Austria in London from 2001 to 2003. Mr. Roux was a senior dealer on the bond desk with Ed Hern Rudolph, South Africa between 2003 and 2005 before becoming treasurer of First Africa Development Corporation in 2005. He is currently the Vice Chairman of Zooom Media. In addition, Mr. Roux was Chairman of Firminy Funds Lmembourg from 2007 until 2010, a position that involved client liaison with buyers in China, bond structuring and fund raising. Mr. Roux was educated in South Africa and holds a marketing degree from Damelin College awarded in 1999. Whilst with Standard Bank, South Africa he was inducted into Standard Bank's future trading program with special attention to treasury and treasury related problems. Mr. Roux has a distinguished sporting background having represented the Springboks (National Rugby Team) as an international rugby player, 12 times between 1994 and 1996.

Fu Ranxu, is currently a Director and Chairman. Aged 54, graduated from Jilin University / Capital University of Economics and Business / Peking University, majoring in Economics and Religion, Mr. Fu has a very high theoretical achievement and enlightenment in the field of philosophy and religion. He has served as directors or senior advisors for a number of listed and unlisted companies. He is a prominent strategist and social activist. Mr. Fu specializes in capital operation, resource integration and top-level structure design. He has extremely thorough and independent analysis on the China capital market as well as industries. He has well established network of high-level contacts. Mr. Fu is in full charge of the Company’s strategic planning. He is a valuable asset of the company.

AUDIT COMMITTEE

We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive. Further, because we have no operations, at the present time, we believe the services of a financial expert are not warranted.

SIGNIFICANT EMPLOYEES

Other than our directors and officers, we do not expect any other individuals to make a significant contribution to our business.

ITEM 11. EXECUTIVE AND DIRECTOR COMPENSATION

The following tables set forth certain information about compensation paid, earned or accrued for services by our Executive for the years ended November 30, 2016 and 2015:

Summary Compensation Table

Name and Principal Position	Year Ended November 30,	Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		All Other Compensation ($)		All Other Compensation ($)		Total ($)

Vladislav Ermolovich,	2015		0		0		0		0		0		0		0		0
President, Secretary and Treasurer	2016		0		0		0		0		0		0		0		0

Dominic Chappell	2016		0		0		0		0		0		0		0		0

There are no current employment agreements between the company and its officers.

There are no annuity, pension or retirement benefits proposed to be paid to the officer or director or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the company or any of its subsidiaries, if any.

As of November 30, 2016, we had no pension plans or compensatory plans or other arrangements which provide compensation in the event of a termination of employment or a change in our control.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth, as of November 30, 2016 certain information concerning the number of shares of our common stock owned beneficially (1) by: (i) each person (including any group) known to us to own more than five percent (5%) of any class of our voting securities, (ii) our director, and or (iii) our officer. Unless otherwise indicated, the stockholder listed possesses sole voting and investment power with respect to the shares shown.

Title of Class

Name and Address of

Beneficial Owner

Amount and Nature of

Beneficial Ownership

Percentage

Common Stock

Retail Acquisitions Limited

1810 E Sahara Ave, # 219,

Las Vegas, NV 89104

6,000,000 shares of

common stock (direct)

69.93

The percent of class is based on 8,580,000 shares of common stock issued and outstanding as of the date of this annual report.

(1) A beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.

Upon formation, the Company sold 6,000,000 shares of common stock to the former officer and director of the Company at $0.001 per share, or $6,000 for cash.

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

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As at November 30, 2015 the total balance payable to the Company’s former Director and President was $3,686. On April 5, 2016 the balance payable was forgiven by the former Director and President. Due to the verbal agreement these loans were non-interest bearing, unsecured and due upon demand.

On May 6, 2016, and subsequently through November 30, 2016, the current sole Officer and Director made unsecured, non-interest bearing cash advances, to pay operating costs, to the Company, in the amount of $35,043, which balance, remained unpaid at November 30, 2016.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit fees

For the years ended November 30, 2016, and 2015 we incurred approximately $7,873 and $7,750, respectively, in fees, to our principal independent accountants, Pritchett, Siler and Hardy PC, for professional services rendered in connection with the audit of our financial statements for the years then ended and for the reviews of our financial statements for the quarters ended February 28, May 31, and August 31, of each year.

Audit Related Fees

For the Company's fiscal year ended November 30, 2016 and 2015, we were not billed for professional services related to our audits, other than the fees discussed in Audit Fees above.

Tax Fees

For the Company's fiscal years ended November 30, 2016 and 2015, we were not billed for professional services rendered for tax compliance, tax advice, and tax planning by our auditors.

All Other Fees

The Company did not incur any other fees related to services rendered by our principal accountant for the fiscal years ended November 30, 2016 and 2015.

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ITEM 15. EXHIBITS

The following exhibits are filed as part of this Annual Report.

31.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)

32.1		Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Extension Schema Document

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		XBRL Taxonomy Extension Definition Document

101.LAB		XBRL Taxonomy Extension Label Linkbase Document

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GLOBAL SMART CAPITAL CORP.

Dated: February 20, 2017	By:	/s/ Dominic Chappell
		Dominic Chappell
		President, Chief Executive Officer and Chief Financial Officer

Global Smart Capital Corp. 10-K